Wal-Mart Stores (WMT) : Msi Financial Services Inc scooped up 3,328 additional shares in Wal-Mart Stores during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 13, 2016. The investment management firm now holds a total of 101,390 shares of Wal-Mart Stores which is valued at $6,917,840.Wal-Mart Stores makes up approximately 0.24% of Msi Financial Services Inc’s portfolio.
Other Hedge Funds, Including , W.g. Shaheen Associates Dba Whitney Co reduced its stake in WMT by selling 300 shares or 1.96% in the most recent quarter. The Hedge Fund company now holds 15,000 shares of WMT which is valued at $1,023,450. Wal-Mart Stores makes up approx 0.42% of W.g. Shaheen Associates Dba Whitney Co’s portfolio.Creative Planning boosted its stake in WMT in the latest quarter, The investment management firm added 2,718 additional shares and now holds a total of 200,725 shares of Wal-Mart Stores which is valued at $13,526,858. Wal-Mart Stores makes up approx 0.09% of Creative Planning’s portfolio.Beacon Capital Management reduced its stake in WMT by selling 510 shares or 87.18% in the most recent quarter. The Hedge Fund company now holds 75 shares of WMT which is valued at $5,099.Raymond James Trust N.a. reduced its stake in WMT by selling 1,235 shares or 1.53% in the most recent quarter. The Hedge Fund company now holds 79,592 shares of WMT which is valued at $5,410,664. Wal-Mart Stores makes up approx 0.47% of Raymond James Trust N.a.’s portfolio.First Mercantile Trust Co reduced its stake in WMT by selling 12,505 shares or 30.13% in the most recent quarter. The Hedge Fund company now holds 28,996 shares of WMT which is valued at $1,992,025. Wal-Mart Stores makes up approx 0.27% of First Mercantile Trust Co’s portfolio.
Wal-Mart Stores closed down -0.59 points or -0.87% at $67.39 with 85,91,494 shares getting traded on Tuesday. Post opening the session at $67.95, the shares hit an intraday low of $67.3 and an intraday high of $67.96 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Wal-Mart Stores reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Aug 18, 2016. Analyst had a consensus of $1.02. The company had revenue of $119405.00 million for the quarter, compared to analysts expectations of $119327.18 million. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.
Many Wall Street Analysts have commented on Wal-Mart Stores. Shares were Reiterated by Telsey Advisory Group on Oct 7, 2016 to “Market Perform” and Lowered the Price Target to $ 76 from a previous price target of $78 .Shares were Reiterated by RBC Capital Mkts on Oct 7, 2016 to “Underperform” and Lowered the Price Target to $ 75 from a previous price target of $76 .KeyBanc Capital Mkts Initiated Wal-Mart Stores on Sep 30, 2016 to “Overweight”, Price Target of the shares are set at $90.
Wal-Mart Stores Inc. is engaged in the operation of retail wholesale and other units in various formats around the world. The Company offers an assortment of merchandise and services at everyday low prices (EDLP). The Company’s operations are conducted in three segments: Walmart U.S. Walmart International and Sam’s Club. The Walmart U.S. segment operates retail stores in all 50 states in the United States Washington D.C. and Puerto Rico with three primary store formats as well as digital retail. The Walmart International segment consists of operations in 26 countries outside of the United States and includes numerous formats divided into three main categories: retail wholesale and other. The Sam’s Club consists of membership-only warehouse clubs and operates in 48 states in the United States and in Puerto Rico as well as digital retail.